Series
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File Your Taxes for Free

April 12, 2024
With Tax Day approaching, we explain the IRS’s free Direct File tool, which TurboTax lobbied to kill for decades.
the details
The Internal Revenue Service debuted its free Direct File tax tool which makes filing federal taxes free. Still in “pilot” mode, the online service is currently available to 19 million taxpayers in 12 states: Arizona, California,...
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Show transcript
00:00
Johnny. Guess what?
00:01
You can now file your taxes for free.
00:06
Please don't be like me and trust somebody shady to file it
00:10
Your boy almost went to jail in 2022 man.
00:14
Well, there's, I think there's a lot of misconceptions with
00:16
like you having to pay to get your taxes done,
00:20
right? Like you're always kind of fed that information like,
00:22
oh, like like into a tax and like turbo tag.
00:26
So the IRS is new direct file platform,
00:30
lets you file your federal taxes directly with the government for free
00:35
for free. $0.
00:38
It's still a trial project that not any anyone can use.
00:42
It's only available for people in Arizona,
00:45
California, Florida, Massachusetts,
00:48
Nevada, New Hampshire,
00:50
New York, South Dakota,
00:51
Tennessee, Texas, Washington State,
00:54
and Wyoming. So if you're in any of those states tap
00:57
in, you have no excuse for not doing your taxes,
00:59
it costs $0. Also,
01:02
you can only use it if you file taxes with a
01:06
W-2 SS A 1099 1099 G or 1099 int interest income of
01:15
$1500 or less. Other kinds of income cannot use it
01:21
You know who's freaking out with all this news.
01:23
Turbotax. I get hit with at least 50 turbotax commercials.
01:28
Right in January and February saying they going in,
01:31
oh my God. I,
01:36
all my aunts, all my uncles.
01:38
Yeah, they've been making pay back for them for years just
01:41
to file our taxes.
01:43
Looks like those days are over.
01:45
Well, the company has been lobbying against tax reform for 20
01:49
years,, trying to stop Americans from filing their taxes
01:54
for free. TurboTax has reported up to $1.5 billion in profits
01:59
a year so they can afford all those fucking commercials.
02:04
Of course, half of it probably goes to commercials to lock
02:07
in the next 1.5 billion next year.
02:09
They're like fucking Halloween like Spirit Halloween.
02:13
They just pop up once a year and just like,
02:17
I know all this mention of turbotax on my laptop is gonna
02:20
like give me ads later like yo next year,
02:23
2025 next year guys.
02:27
Well, let's move on.